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Anthropic has purchased the stealth biotech AI startup Coefficient Bio in a $400 million stock deal, according to The Information and Eric Newcomer. Sources close to the deal confirmed to TechCrunch that it closed, though declined to comment on the amount. The deal comes as Anthropic continues its push into healthcare and life sciences, following…
When Brett Levenson left Apple in 2019 to lead business integrity at Facebook, the social media giant was in the thick of the Cambridge Analytica fallout. At the time, he thought he could simply fix Facebook’s content moderation problem with better technology. The problem, he quickly learned, ran deeper than technology. Human reviewers were expected…
SoftBank has taken on a new $40 billion loan to help it cover its $30 billion commitment to invest in OpenAI as part the AI model maker’s record-breaking $110 billion raise last month, the Japanese conglomerate said on Friday. Most striking is that the loan is unsecured and has a 12-month term, meaning it must…
SK hynix, a South Korean memory chip giant already listed on the KOSPI, is laying the groundwork for a potential U.S. listing that could reportedly raise an estimated $10 billion to $14 billion. The company announced this week that it has confidentially filed a Form F-1 with the the listing, targeting the second half of…
Google announced on Thursday that “Live Translate,” its AI-powered Google Translate feature that lets you hear real-time translations in your headphones, is expanding to iOS and to more countries. With this expansion, the feature is now available on iOS and Android in the U.S., India, Mexico, Germany, Spain, France, Nigeria, Italy, the United Kingdom, Japan, Bangladesh,…
A federal judge has sided with Anthropic in its twisty legal battle with the Trump administration, awarding the tech company an injunction against the government’s recent order that labeled it a “supply chain risk,” the Wall Street Journal reports. On Thursday, Judge Rita F. Lin of the Northern District of California ordered the Trump administration…
When it comes to AI chatbots, there’s currently a war on for consumer attention. All the big chatbot providers are looking to increase their user count and, in a minor coup for itself, Google just made it significantly easier for users of those other chatbots to defect to Gemini. On Thursday, the company announced what…
As AI makes inroads into the worlds of editorial and media, websites are scrambling to establish ground rules for its usage. This week, Wikipedia banned the use of AI-generated text by its editors — although it stopped short of banning AI outright from the site’s editorial processes. In a recent policy change, the site now…
The signs that AI could lead to mass job displacement are already piling up: entry-level job postings in the U.S. have sunk 35% since 2023, mass layoffs have swept across Big Tech, and even AI leaders themselves are warning about what’s coming. Backstage at the Axios AI Summit in Washington on Wednesday, Sen. Mark Warner…
Okay, so the U.S. and China are locked in an all-out race to build the most powerful AI on the planet. Beijing is throwing billions at homegrown models, tightening its grip on the tech sector, and watching nervously as its best AI talent gravitates to U.S. companies. Yet Manus — one of China’s most buzzed-about…